The Chinese mainland car maker BYD has officially launched in Argentina, marking its entry into Latin America’s third-largest economy. This move follows the government’s decision to lift import tariffs on electric and hybrid cars, part of a broader push toward sustainable growth amid ongoing economic turbulence.
With tariff barriers removed, BYD is poised to offer more competitive prices on its electric and hybrid lineup, potentially shaking up a market long dominated by traditional combustion engines. Industry insiders believe other global brands will take note and consider similar expansions.
For Argentine drivers, particularly those in cities like Buenos Aires, the arrival of BYD could mean greater access to greener transport. Observers say this step not only highlights the country’s eagerness to embrace cleaner mobility but also reflects a growing trend across the region.
Joel Richards reports from Buenos Aires.
Reference(s):
cgtn.com
